Overall national healthcare spending is predicted to grow an average rate of 5.8 percent annually from 2014-2024, according to new data from the Centers for Medicare and Medicaid Services.

That is significantly below the 9 percent average rate recorded in the three decades before 2008, the agency notes. After six years of growth below 5 percent, national health spending is projected to have grown 5.5 percent in 2014, will grow to 5.3 percent in 2015, and will peak at 6.3 percent in 2020.

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